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Spriggy wins 2018 Best Fintech Startup Award: StartCon

MICHELLE BALTAZAR  |  THURSDAY, 20 DEC 2018
... be building a fintech in Australia, as there is an enormous amount of change taking place in financial services." Over the next 12 months the group plans to develop the app's use to apply beyond the immediate family (parents and their children) and to ...

Chief economist update: Fed fail

BENJAMIN ONG  |  THURSDAY, 20 DEC 2018
... But financial markets cannot have their cake and eat it too. The Fed disappointed expectations for only a single rate hike next year, its dot plot shows two more in 2019 plus the continued shrinking of its balance sheet. Perhaps, it's the Fed that ...

UBS signs on Morningstar

KANIKA SOOD  |  WEDNESDAY, 19 DEC 2018
... AustralianSuper, Hostplus, Telstra Super, Cbus and QSuper. UBS expects to add other large super funds to its client list by this time next year. Members in DIO at these super funds have access to a tailored version of equities research notes from UBS' ...

Asset manager appoints CIO

KANIKA SOOD  |  WEDNESDAY, 19 DEC 2018
... MFS as an equity research analyst in 2005. Six years later, he was named the director of US equity research in 2011. The next year he took on portfolio management responsibilities, first as a global sector leader and then as a co-manager of diversified ...

Final call for 2019 Chief Economists Forum

DARREN SNYDER  |  WEDNESDAY, 19 DEC 2018
... interest rate cycle. "We've got [potentially] four rate hikes between now and the end of 2019 - one this year and three next year - and by the first quarter of 2019 we'll have two out of the way," Taylor said. "The [investor] market will be looking ...

Investors to move on property before election: BlackRock

HARRISON WORLEY  |  WEDNESDAY, 19 DEC 2018
... policy unlikely to be retrospective, Vardy sees investors potentially putting property back into their portfolio before the next election. "So there's certainly uncertainty around what do you do now if you are a potential investor into property," he ...

Multiforte founder takes AFA Inspire lead

HARRISON WORLEY  |  TUESDAY, 18 DEC 2018
... Multiforte. McCallum said she was attracted to the energy of AFA Inspire, and was keen to begin planning the strategy for Inspire's next phase. "I love the energy and atmosphere of the AFA and AFA Inspire, so I am very excited to accept the role," McCallum ...

Chief economist update: The clown in the White House

BENJAMIN ONG  |  TUESDAY, 18 DEC 2018
... Fed thinks of all these. But the latest CME FedWatch Tool of the probability of the Fed rate moves show that by this time next year, the odds that the fed funds rate would remain at 2.5% had increased to 41.9% from just 22.2% a month before. At the same ...

Bonds reward equity investors seeking refuge

KARREN VERGARA  |  MONDAY, 17 DEC 2018
... real-interest rates and its expected movement, is associated with an increase in the probability of a future recession within the next year. "This means that not all declines in the yield curve slope are bad news for the economy, and not all instances ...

Markets could delay retirement plans

KANIKA SOOD  |  MONDAY, 17 DEC 2018
More than 420,000 Australian who are due to retire in the next 12 months may have to delay their plans as lackluster share market returns, falling property prices and low interest rates obstruct their wealth. Recent research by Roy Morgan found Aussies ...